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Back to back all-time highs from AVAX, ENJ and EGLD suggest it’s ‘altseason’

Published 11/19/2021, 09:30 PM
Updated 11/19/2021, 11:00 PM
BTC/USD
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Its been a rollercoaster week in the cryptocurrency market after volatility returned to shake up Bitcoin (BTC) price, pushing the digital asset to lows not seen since mid-October.

As has happened frequently in the past, the drop in price of BTC was followed by a rotation into altcoins and the Altseason Indicator from Cointelegraph Markets Pro suggests that the current market conditions are similar to those seen in the past when altcoins outperformed Bitcoin.

Altseason indicator. Source: Cointelegraph Markets Pro
VORTECS™ Score (green) vs. AVAX price. Source: Cointelegraph Markets Pro
ENJ/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (green) vs. EGLD price. Source: Cointelegraph Markets Pro

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